Atwood Oceanics Lowered to “Underperform” at BMO Capital Markets (ATW)
Atwood Oceanics (NYSE:ATW) was downgraded by research analysts at BMO Capital Markets to an “underperform” rating in a report released on Wednesday, Analyst Ratings Network.com reports.
Shares of Atwood Oceanics (NYSE:ATW) opened at 56.12 on Wednesday. Atwood Oceanics has a 1-year low of $43.21 and a 1-year high of $59.49. The stock has a 50-day moving average of $55.96 and a 200-day moving average of $54.19. The company has a market cap of $3.590 billion and a price-to-earnings ratio of 10.80.
Atwood Oceanics (NYSE:ATW) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.02. The company had revenue of $272.69 million for the quarter, compared to the consensus estimate of $271.58 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. On average, analysts predict that Atwood Oceanics will post $5.24 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on ATW. Analysts at Iberia Capital initiated coverage on shares of Atwood Oceanics in a research note to investors on Friday, October 11th. They set an “outperform” rating on the stock. Separately, analysts at Johnson Rice upgraded shares of Atwood Oceanics from an “equal weight” rating to an “overweight” rating in a research note to investors on Monday, September 30th. Finally, analysts at Wunderlich initiated coverage on shares of Atwood Oceanics in a research note to investors on Wednesday, September 4th. They set a “hold” rating and a $63.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $65.54.
Atwood Oceanics, Inc, along with its subsidiaries, is engaged in the international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells.
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